Bitcoin Forum

Hello all,

I just yesterday opened a 90 day CD with coinlenders. When I did the price per BTC was hovering around $95.

Any ideas/opinions/guesses as to where the price will be once that CD's time is up?

$45
or $450
or $4500

Lots of bitcoiners were trapped around 120 USD.
100 USD is not high enough.

If BTC reaches 120 USD again,
I guess history might repeat itself.   ;D

I realize I asked a dumb/ perhaps incomplete question.

How about:

What price do you believe and why?

This is my hope, of course :D

corrected :)

$97.6

In 90 days some people will be claiming bitcoin is about to soar to $300/, others will be claiming that bitcoin is crashing and about to become worthless. In fact, no one will know anything about the future in 90 days.

Only speculators.

People who actually use bitcoins regularly to gamble, make clandestine money transfers, buy or sell drugs, or make everyday purchases (as in Kreuzberg, Germany) don't see bitcoins ever being worthless.

At the moment, speculators far outnumber users, but that will change over time.

I say ~ $150. I don't see the price going down over the long term so ideally a gradual growth, just enough to encourage my projects but not enough to cause chaos. I am not a psychic though so I will likely be off -150 or +50000.

Everyone, cryptocurrency needs 2 more things at this exact moment for it to even hit that 450 dollar mark ol boy mentioned earlier:

1 Much MUCH more attention - Cryptocurrency is STILL not very mainstream.  Some people here and there in passing mention it, but it isn't widely known yet...which leads us to the second (LARGER) problem of

2 adoption.  I guarantee you that if 20% of the fortune 100 Commerce were to switch over and allow bit-coin in addition to Credit cards for both online and for in store transactions, that it would A) increase in awareness, B) rise in popularity as there is now a different way to establish and trade your digital value for goods with real "inherent value" 


At this point in time, btc and other alt coin prices are purely driven by consumer speculation and the supply and demand of feeding that speculation with available alt-coins for sell. 

Large businesses will not switch until they have a means of hedging.  They are not going to pay someone like bitpay to convert for them when they can cut out the fees.  However, they don't want currency risk, so they need to hedge.  While icbit.se and bitfinex might be acceptable to some in the community, it would not fly with a major corporation.  When the Bitcoin backed ETF becomes available an options market will develop that will allow them to hedge their risk.  Once this market develops some decent liquidity we will see the fish we land start to grow until we finally land our first whale.

made me chuckle :-)

Predicting $ 150 within 90 days as well.

Economic activity tends to pick up closer to years end.

ya.ya.yo!

$50

>9001 ;)

Low: $50
High: $180

And you are half-bear and half-adamstgBit?  :P

At least it won't touch the negative territory... ;D


ya.ya.yo!

It would seem so :D forgot all about the "$180" claims!

Short term I'm a bit bearish, was expecting to see $50's before that jump last week.

The hard floor for the value of bitcoin, if the growth is on the historical minimum, should be 100 by years end and maybe 1000 if keep a medium trend (with a probable 300).

If the problems with MtGox are solved (apparently the SEPA are working again albeit slowly) I would say it will move higher than 100$ by summer end.

I think we'll see a small rally and Bitcoin ~$150 because of Bitcoin conferences in Europe and because people will be back from summer holidays. Hopefully not a bubble again :)